Indian markets showed optimism in June but now face uncertainty. Despite positive macro factors, earnings growth is weak. Private investment and consumption are struggling. The market is likely to remain range-bound. Multiple breakout attempts are expected but may fail. This favors bottom-up stock picking strategies. A long wait is ahead for momentum days.
Oil prices surge amid Middle East conflict: How Indian oil stocks performed last week?
Oil prices saw a massive rally last week amid the raging war in the Middle East, as the Strait of Hormuz effectively closed for traffic,